$5.1bn
$XXX.Xm
19,524
10,760
$X.Xbn
Mortgage brokers have benefited from the relatively resilient Australian housing market in recent years. Factors like the previously record low-interest rates, government stimulus and surging residential housing prices have improved loan values and loan volumes for brokers. Stronger commissions for brokers have grown profit margins and raised wages in the industry. Notably, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industries levied significant scrutiny on the conduct of mortgage brokers. As a result of the Royal Commission, numerous lenders changed their remuneration models for brokers, and the government even introduced legislation intended to reform the core principles of the industry. These reforms, including a statutory duty to act in the best interest of the borrower, have had varying effects on brokers. Overall, the mortgage brokers industry is expected to grow at an annualised 6.6% over the five years through 2024-25, to total $5.1 billion.
Industry revenue has grown at a CAGR of 6.6 % over the past five years, to reach an estimated $5.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
Australian Finance | 750.7 | |
Lendi | 433.5 | |
Loan Market | 209.9 |
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Industry revenue is measured across several distinct product and services lines, including Basic variable loans, Equity loans and Fixed rate loans. Basic variable loans is the largest segment of the Mortgage Brokers in Australia.
A potential easing cash rate is expected to fuel demand for standard variable loans
Mortgage brokers in Australia generally act on behalf of lenders, primarily helping borrowers arrange mortgage finance (for both residential and investment real estate purposes) and refinance existing mortgages. Brokers do not usually charge mortgagees any fee for their services, and instead receive commissions on loans arranged for lenders.
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ANZSIC 6411 - Mortgage Brokers in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Despite elevated interest rates, housing prices and loan sizes have remained strong, supported by robust demand, low unemployment, and limited housing supply. These trends ar...
Learn about an industry's products and services, markets and trends in international trade.
Loan products are largely homogeneous and the range of available mortgage types tend to vary on repayment rate arrangements. The popularity of fixed rate loans has plummeted ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic distribution of the mortgage broking industry is represented by the value of home loans settled. Due to the need for housing, the location of establishments ro...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Building up referral networks can be crucial to the success of new independent mortgage brokers. Franchised brokers benefit from pre-established networks.
Learn about the performance of the top companies in the industry.
Any prospective broker with relevant qualifications and knowledge of the lending process can enter the industry at little cost. This trend has caused the mortgage broking ind...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Concerns over the conduct of financial institutions led to the Financial Services Royal Commission and numerous recommendations and reforms. These reforms are intended to boo...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures depend on a broker’s size, product range and strategic focus. The larger players typically operate with a franchise model. Self-employed brokers pay a fee for...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Mortgage Brokers industry in Australia is $5.1bn in 2024.
There are 10,760 businesses in the Mortgage Brokers industry in Australia, which has grown at a CAGR of 4.3 % between 2019 and 2024.
The market size of the Mortgage Brokers industry in Australia has been growing at a CAGR of 6.6 % between 2019 and 2024.
Over the next five years, the Mortgage Brokers industry in Australia is expected to grow.
The biggest companies operating in the Mortgage Brokers market in Australia are Australian Finance, Lendi and Loan Market
Basic variable loans and Equity loans are part of the Mortgage Brokers industry.
The company holding the most market share in Australia is Australian Finance.
The level of competition is high and increasing in the Mortgage Brokers industry in Australia.